Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 9.0900 | +0.0100 | pay 0.0013% / 1h | 26m 43s | $45K | $700K | 50x | Long ApeX Omni5% off | |
| SHORT | 9.1357 | −0.2447 | pay 0.0306% / 1h | 26m 43s | $14K | $107K | 20x | Short Bullet |
Price gap+0.502%
Funding gap−0.2547% /8h
The gap pays +$54 on $10k if it goes back to its 7d average, but funding costs $76 a day and eats that in about 17 hours. At the last 7 days' pace that is about 23 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.2547% /8h now · paid −0.149% over the last 7D
Price+$54spread +0.502% now, avg −0.040% → +0.542% if it goes back
Costs−$360.364% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.149% in total, about −0.0079%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.502%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 41 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest11.5 / 6.4 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$200 + $500ApeX Omni 50x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$76.41Long ApeX Omni: 24 payments, −$3.00; short Bullet: 24 payments, −$73.41.
- OK: Entry gap works for you+0.502% vs −0.040%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$14K vs $45K OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legApeX Omni No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0079%/8h × 21 periods−$16.52
Price spread+0.502% → −0.040% (7d avg)+$54.23
Slippage, 4 orderslive order books−$18.45
Fee ApeX Omni bp × 2 orders−$10.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k+$1.26
Costs to cover0.364%Break-evenfrom the start
Slippage: ApeX Omni: live order book, 41 min ago; Bullet: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni3.8611.5 bp−$1188.9 bp−$889doesn’t fitdoesn’t fit
SELL · SHORTBullet1.726.4 bp−$610.0 bp−$100doesn’t fitdoesn’t fit
Closing costs about the same again.
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